First rule of trading is you don't talk about trading

In a post that caught my eye because it was titled "Smart Risk, Stupid Risk" - but then failed to elaborate in any way - CNBC chimes in with a few caveats about investing during earnings season:

You snooze, you lose If you're waiting to find out the earnings before you make an investment in a company, you're already too late the party.

Listen to what the market is saying by watching what it's DO-ing Successful trading is about watching the price action and reacting to it. It's far less about trying to outsmart the markets.

TMI (Too Much Information) Earnings season is exciting to watch and fun to talk about, but so what? It just creates more confusion than clarity. My Advice: Pick a few companies in play and focus on them rather than spreading yourself too thin.

Mix it up a bit Here’s a news flash: Just because you have always traded US equities does not mean you should only trade them. In reality, there are lots of different ways to make lots of money, like metals, oil and currencies.

In other words (which is to say, my words):

You need to trade before anything happens.

You need to wait for something to happen before you trade.

Focus on what you know.

Focus on what you don't know.

Then again, the post does come with a healthy disclaimer: "[Author] Doug Hirschhorn's expertise is in the psychology of achieving peak performance. He is not a financial advisor and does not make trading or investment recommendations or provide trading or investment advice. He is an expert on the mental game. Although Doug Hirschhorn has a Ph.D. in Psychology with a specialization in sport psychology, he is not a licensed psychologist and does not provide therapeutic, clinical or counseling services."

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